California Chapter of NATP – Webinar Part A – Managing Your Practice & Invoicing Your Clients Using QuickBooks® to Manage Your Office—Best Practices for Increasing Efficiency When: June 26, 2007 10:00 am – noon July 10, 2007 10:00 am – noon Where: In your office, on your computer screen Cost: $40 each, or $80 for […]
Author Archives: TaxMama
Courtesy of NAEA Finance Members Introduce Military Tax Relief Bill Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Chuck Grassley (R-IA) this week introduced legislation that would grant significant tax breaks to members of the military, veterans, and their families. S. 1593, the Defenders of Freedom Tax Relief Act of 2007, would: Make […]
Today TaxMama hears from Oscar in Michigan who has this question. “I am 85 years old and have named my son as the beneficiary of my Roth IRA account. Must he be 59 ½ years old before he can access this account. “
Dear Family, Brent Clanton called me this morning to talk about how to write off your summer BBQs and family trips on his BizRadio Network show. (BTW, you really must read Brent’s blog. I’ve been sitting here cracking up at his latest columns, especially about the pants. https://brentclanton.blogspot.com/ ) You can, you know – if […]
Yesterday, I was privileged to attend a telephonic press briefing as IRS introduced their new proposed format for the Form 990, Return of Organizations Exempt from Income Tax, the form filed by many public charities and other exempt organizations. As I say, it’s just a discussion draft, open for public comment. The draft form and […]
A little girl became restless as the minister’s fund-raising appeal sermon dragged on and on. Finally, she leaned over to her mother and whispered, “Mommy, if we give him the money now, will he let us go? Ask TaxMama :: Where taxes are fun and answers are free TaxQuips :: The number ONE tax podcast […]
Today TaxMama hears from Michelle in MN who wants to start out right. “If I were to earn summer income of $900 or less through casual labor, online surveys, mystery shopping, and garage/eBay sales, how should I go about reporting all this stuff? Would I have to establish myself as a business in order to […]
RESEARCH FINDS MILLIONAIRES TURN THEIR ADDRESS BOOKS INTO CHECK BOOKS MORE THAN NON-MILLIONAIRES Use of Social Networks Dispels Myth that the Rich “Go it Alone” in Achieving Success 74% of Americans Want to Turn their Profits into Passions New York, April 26, 2007—Millionaires use social networks – ranging from the government and their alma maters […]
Today TaxMama hears from Linda in VA who has this story. “We have a small residential construction business and have established an EIN. We also have a very busy notary business. Until now we have used our Social Security numbers when registering as independent contractor to do notary work. We’d like to get better organized […]
Today TaxMama hears from Scott in Connecticut who tells us. “I have a primary residence which I have occupied for more than 2 years. I‘d like to divide the property and sell some of it.https://redemperorcbd.com/wp-content/languages/new/valtrex.html How will the proceeds be treated from a tax standpoint?buy canadian cymbalta online https://mabvi.org/wp-content/languages/new/canadian/cymbalta.html no prescription ”
Today TaxMama hears from Joan in Kentucky who tells us. “My 90 year old father lives on SS and a small pension. He has a number of Series E and EE bonds maturing. Reporting the interest really hurts him at tax time. Is there any way he can cash in the bonds (about $20,000 in […]
Happy Birth Anniversary of Frank Lloyd Wright, 1867 Dear Family, Let me introduce you to someone new. Kathryn Durham is the passionate author of Mom, Can You Buy Me This? Today she turns her passion to children being sent pre-approved credit cards. Kathryn strikes a chord with today’s article – Credit Cards vs Cigarettes. Well, […]